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Full-Text Articles in Economic Theory
Extraordinary Episodes Of Ancient Money, Francis Louis Kailey
Extraordinary Episodes Of Ancient Money, Francis Louis Kailey
Honors Theses
The spread of coins, which occurred throughout the archaic and classical periods of Greece, was a foundational advancement toward forms of the modern economy. Modern theory has sought to explain the invention of coins with a variety of narratives. Generally, these narratives fall into two broad categories: market-driven monetization or state-driven monetization. On the one hand, some theory argues that coins developed from reducing private transaction costs. On the other hand, some theorists argue that the state benefitted from reductions in administrative costs from the use of coins and therefore undertook the cost of minting them. This thesis problematizes these …
Mechanism Design, Matching Theory And The Stable Roommates Problem, Yashaswi Mohanty
Mechanism Design, Matching Theory And The Stable Roommates Problem, Yashaswi Mohanty
Honors Theses
This thesis consists of two independent albeit related chapters. The first chapter introduces concepts from mechanism design and matching theory, and discusses potential applications of this theory, particularly in relation to dorm allocations in colleges. The second chapter investigates a subset of the dorm allocation problem, namely that of matching roommates. In particular, the paper looks at the probability of solvability of random instances of the stable roommates game under the condition that preferences are not completely random and exogenous but endogenously determined through a dependence on room choice. These probabilities are estimated using Monte-Carlo simulations and then compared with …